completely happy to return the Voyager mortgage and get our collateral again every time works for voyager
— Alameda Analysis (@AlamedaResearch) July 8, 2022
The response from Crypto Twitter was lukewarm to the corporate’s first tweet. Some considered the message as containing a “menacing tone” and was “not very customer focused” interesting to SBF’s recent string of interviews. David Bailey, the CEO of Bitcoin Journal, called the tweet “hypersensitive.”
Alameda Analysis Enterprise LLC at the moment owns 9% of the shares of Voyager after it not too long ago canceled 4.5 million shares to scale back its holdings. It additionally gave Voyager a line of credit score to the tune of $200 million and 15,000 BTC. Voyager had drawn down $75 million instantly after the mortgage was authorised, which is its month-to-month restrict.
FTX CEO Sam Bankman-Fried has an advanced relationship with Voyager. He owns shares within the firm together with Alameda Ventures Ltd and Alameda Analysis Ventures LLC. In response to Voyager’s latest Chapter 11 chapter submitting, Alameda Analysis Ltd. owes Voyager $377 million, whereas the credit score facility was agreed with Alameda Ventures Ltd.
The net of corporations underneath the FTX and Alameda names is as complicated as their affiliation with Voyager Digital. Whereas Alameda Analysis Ltd could also be able to repay its mortgage to Voyager, it’s unclear how this can be impacted by Voyager’s mortgage settlement with sister firm Alameda Analysis Ventures LLC.
The day previous to Alameda’s tweet, CZ, the CEO of Binance, was additionally clearly confused by the scenario. He remarked that it was “arduous to observe” the cash circulate between Voyager and Alameda.
So, 3AC owes Voyager just a few 100m, went bust. FTX/Alameda provides 3AC $100m, however didn’t reserve it.
Alameda invests in Voyager, then takes a $377 million mortgage from Voyager… okay…
V went bust. FTX did not “bail them out” or return the cash?
arduous to observe?https://t.co/yx6RJjVZrB
— CZ 🔶 Binance (@cz_binance) July 7, 2022